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Except stocks don't claim to be pegged to, or backed by, anything. If Tether isn't backed 1-to-1 then it looks more like a bank, and may be subject to a lot mor
by paulryanrogers 4y ago
Except stocks don't claim to be pegged to, or backed by, anything. If Tether isn't backed 1-to-1 then it looks more like a bank, and may be subject to a lot more regulation.
- pcthrowaway 4y agoOf course, I wasn't claiming Tether works the same way. I was merely responding to the idea that bitcoin "gains" aren't real because people haven't "withdrawn"
- arcticbull 4y agoMoney market funds do, but of course, they're heavily regulated securities.